The store has reopened.
Starting today, U.S NETELLER customers whose accounts were frozen since January have access to their accounts and can request withdrawals.
U.S. customers can access their accounts until Jan. 26, 2008. No fees will be charged for withdrawing funds. Customers will receive their money either through electronic transfer - if they have registered their bank - or by check. Customers can request withdrawals only for the full amount of their accounts.
The company warned its customers that it expects a rush of people visiting the site seeking requests and officials expect that the website will run slowly. If customers cannot log in, NETELLER asks for them to try again several hours later.
A total of $94 million was frozen when charges were levied against NETELLER and its cofounders in January. Both NETELLER's cofounders and the company came to agreements with the U.S. government earlier this month.
Please click here to visit Friday's article outlining NETELLER's stipulations.
POSTED ON: Jul 31, 2007
Requested my money at 8:30am on July 30, 2007 via ACH eft. My online bank statement shows my deposit from Neteller today.
POSTED ON: Jul 31, 2007
I requested my withdrawl for 1700$ yesterday at 9am central, and when i woke up today the money was in my account!!! something going smoothly with neteller involved? i'm shocked!. anyway, just a word of encouragement to those of u who have made withdrawls, your money will finally be in ur pocket :P
POSTED ON: Jul 30, 2007
I didn't release Neteller and my Withdrawal seems to be going through. I'm not releasing them till I know if the release of my private info has cost me any cash or grief. I can't understand all the sites still doing business with Neteller after Neteller turned over all the sites info too. Looks fishy to me. I ask sites and they danced around the question. I do not think our info is safe with them either. You ask them if they would release your info like Neteller did and see the dance. Scary!
POSTED ON: Jul 30, 2007
Let’s see, $94 million divided by hundreds of thousands of US customers. Let’s say, to be conservative 200 thousand. So, $94 million divided by 200 thousand... that's a whopping $470 each (on average) which the IRS will have to prove was income and not money already earned, thus already taxed and placed after tax into the Neteller accounts. So, at a max marginal income tax rate of 36% that's an average tax bill of $170. (Of course the majority of taxpayers are only in the 15% bracket but I'm sure there will be fines and back interest to be paid). All I can say is alert the media, the IRS has found a windfall to balance the budget and eliminate the deficit. Of course all those prosecutions will be expensive, heck just the accounting and the nasty "pay your tax or else” letters will eat up a good chunk. So maybe we shouldn't get ahead of ourselves. Sure, there may well be a few big hits to the pockets of some pros, high rollers or lucky donks. But in the whole scheme of things it sees hardly worth the effort. But if you’re really worried about it leave the money in your account. Since Neteller is now a penny stock I’m sure they could use the assets. Of course you put your money at risk because if they do go under what are your chances of getting anything back, taxes due or not?
POSTED ON: Jul 30, 2007
I just worry that perhaps the IRS and Neteller are in cahoots. Something just seems off about this.